Wall Street Billionaires To Advise Trump On Populist Economics

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Excellent. Donald Trump has introduced his blue-chip economic advisory team:

The list includes strikingly few academic policy experts, usually the bread-and-butter of campaign policy teams. Instead, the advisory team of 13 men — and no women — consists largely of personal friends or longtime business associates of Trump. The median net worth of Trump’s official economic advisers appears to be at least several hundred million dollars.

That wealthy group includes Harold Hamm, a self-made oil billionaire…. Dan DiMicco, a former chief executive of steelmaker Nucor…. Steven Mnuchin…. chief executive of the hedge fund Dune Capital Management…. Steve Roth…. Vornado Realty Trust; hedge fund billionaire John Paulson…. The only academic economist on the team — the only one who has a doctorate in economics — is Peter Navarro of the University of California at Irvine, who focuses on trade with China.

….Trump’s outsider crew at times conflicts with his message of economic populism….His team is filled with hedge fund managers, bankers and real estate speculators.

A whole bunch of Wall Street billionaires plus Stephen Moore, an annual contender for stupidest man in the world. This fits Trump perfectly, especially since he’s not going to listen to any of them anyway. Why should he, after all? He knows more about how the economy works than any of them, believe me.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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